🤖 #ETHLIVE - 29.08 🤖
Might be on for a short term retrace on ETH here:
- Hitting some key resistance
- 200EMA fast approaching on the 1h
- Top o f Weekly pivot filled
- Bearish Daily POC
- TD9 printed
- Overbought on Wave and RSI
A fair few bearish triggers popping up, not sure if it will be sustained but with volume diminishing looks like bulls might need to reload a little . There are a heap of buys sat at 1530 and about an equal amount sat at 1590. So these two points are key to watch.
The launch of the CME futures for BTC and ETH in Europe is still a big deal so this could completely invalidate any short term bearish sentiment
Might be on for a short term retrace on ETH here:
- Hitting some key resistance
- 200EMA fast approaching on the 1h
- Top o f Weekly pivot filled
- Bearish Daily POC
- TD9 printed
- Overbought on Wave and RSI
A fair few bearish triggers popping up, not sure if it will be sustained but with volume diminishing looks like bulls might need to reload a little . There are a heap of buys sat at 1530 and about an equal amount sat at 1590. So these two points are key to watch.
The launch of the CME futures for BTC and ETH in Europe is still a big deal so this could completely invalidate any short term bearish sentiment
